Fed Turns Non-QE into QE
From the Federal Reserve Bank of New York:
Statement Regarding Treasury Reserve Management Purchases and Repurchase Operations
March 12, 2020
The Open Market Trading Desk (the Desk)...
Coronavirus: What’s the Latest?
We continue to monitor developments in the outbreak of the COVID-19 coronavirus. Traders, speculators, and even some investors who have taken on too much...
Bitcoin: A Store of Value?
We hear a lot about Bitcoin being the new and improved "digital gold." Bitcoin is a store of value the bulls contend. Maybe, but...
Margin of Safety Still Matters: High-Yield Bond ETFs Crater
For much of the last five years, junk bonds have outpaced short-term investment-grade bonds. Ultra-low interest rates, quantitative easing, and a central bank set...
Russia & Saudi Arabia Blow up OPEC Coalition
Yesterday’s market rout was made worse by a collapse in the OPEC+ oil coalition. Saudi Arabia wanted to cut production by 1.5 million barrels...